US Appraisal Group Ensures Full compliance with New FHA Regulations ahead of Mandatory Deadline

CHICAGO, IL (January, 2010)  US Appraisal Group demonstrates its ongoing commitment to increasing public confidence in appraisal management by implemented new Federal Housing Administration (FHA) policies and procedures prior to the original January 1, 2010 deadline.  The Department of Housing and Urban Development (HUD) recently postponed the enactment of these rules until February 15, 2010 giving US Appraisal Group further time to educate and assist clients in making an effortless transition.  The new FHA Appraisal Requirements consist of additional safeguards which promote objectivity for appraisers and minimize the influence from lenders of Federal Housing Administration (FHA)-backed mortgages.

As Dione Spiteri, US Appraisal Group’s Director explains, “The new FHA regulations are comparable to those administered by the government-sponsored enterprises (GSE’s) which exist to reinforce appraiser independence with the Home Valuation Code of Conduct (HVCC).  As we continue our dedication to being fully informed and in compliance, we managed to meet and exceed compliance of the new rules in a very short period of time.  We have worked these items into our processes, transcending even the minimal requirements declared in the new regulations.  For example, we employ the highest ratio of staff appraisers in the industry and only Certified Appraisers are part of the review process.”

Since its establishment in 2003, US Appraisal Group has demonstrated the highest quality appraisals, while doing so with the utmost integrity.  Working with only the best real estate appraisers worldwide, US Appraisal Group values the trust bestowed by its clients and will always remain 100% FHA & HVCC compliant.

For more information regarding FHA compliance and US Appraisal Group, please contact info@usappraisalgroup.com.

US Appraisal Group, Inc. is an appraisal solutions firm that works with the best real estate appraisers worldwide for commercial and residential client needs. Each client receives a complimentary analysis to determine the optimal way to handle their needs and a customized solution is then built which helps clients be more efficient, save time and resources, and consolidate appraisal orders to one source. US Appraisal Group’s appraisers are the best in their respective markets and always produce quality reports that include sound analyses and well-documented reasoning. As a result, working with US has been known to dramatically increase public confidence in the appraisal profession. 

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